Shares of Gencor Industries, Inc. (NASDAQ:GENC - Get Free Report) traded down 5.3% during trading on Tuesday . The stock traded as low as $10.80 and last traded at $10.92. 31,751 shares traded hands during trading, an increase of 4% from the average session volume of 30,558 shares. The stock had previously closed at $11.53.
Analyst Ratings Changes
Separately, StockNews.com cut shares of Gencor Industries from a "buy" rating to a "hold" rating in a research report on Tuesday, December 17th.
Read Our Latest Stock Report on Gencor Industries
Gencor Industries Stock Up 3.1 %
The company's 50 day simple moving average is $12.76 and its 200-day simple moving average is $17.10. The firm has a market cap of $173.40 million, a P/E ratio of 10.75 and a beta of 0.57.
Hedge Funds Weigh In On Gencor Industries
A number of large investors have recently bought and sold shares of the business. Deutsche Bank AG purchased a new stake in shares of Gencor Industries during the fourth quarter valued at $34,000. GAMMA Investing LLC boosted its position in Gencor Industries by 1,247.2% in the 1st quarter. GAMMA Investing LLC now owns 3,624 shares of the company's stock valued at $44,000 after buying an additional 3,355 shares during the period. Bank of America Corp DE boosted its position in Gencor Industries by 32.5% in the 4th quarter. Bank of America Corp DE now owns 11,981 shares of the company's stock valued at $211,000 after buying an additional 2,938 shares during the period. Barclays PLC grew its stake in Gencor Industries by 7.4% in the 4th quarter. Barclays PLC now owns 23,585 shares of the company's stock worth $416,000 after acquiring an additional 1,628 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Gencor Industries by 122.2% during the fourth quarter. JPMorgan Chase & Co. now owns 43,804 shares of the company's stock worth $773,000 after acquiring an additional 24,093 shares during the period.
About Gencor Industries
(
Get Free Report)
Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. It offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants.
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